Glenwood, UT is a small city located in Emery County with a population of just under 1,000. The cost of living in Glenwood is quite low when compared to other areas, with an average 2 bedroom rental rate of $800 compared to the US average of $1,430. This low rental rate can be attributed to the limited employment opportunities within the town; however, some local companies that employ many locals include Glenwood Mercantile and Sugar Plum Boutique. Grocery costs in Glenwood are also notably lower than the national average, with a grocery cost index of 93 versus 100 in the US. This low cost of living can be attributed to the lack of high-end amenities available in Glenwood - most people work locally but may not have access to big chain stores or restaurants like those found in larger cities.
Glenwood has an unemployment rate of 4.0%. The US average is 6.0%.
Glenwood has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 33.6%, which is higher than the US average of 33.5%.
Tax Rates for Glenwood
- The Sales Tax Rate for Glenwood is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Glenwood is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Glenwood
- The average income of a Glenwood resident is $39,950 a year. The US average is $37,638 a year.
- The Median household income of a Glenwood resident is $95,625 a year. The US average is $69,021 a year.